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New Age Exploration Limited (ASX:NAE)

ALERT: Price-sensitive ASX Announcement for NAE
Current share price for NAE : $0.002 0.001 (33.33%)+
Announcement
Release
26 May 2026 9:24AM
Price at Release
$0.002
Full Release
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Summary
New Age Exploration Limited (ASX: NAE) is nearing completion of Phase 2 drilling at the Lammerlaw Gold-Antimony Project in Otago, New Zealand. As of 24 May 2026, 786.8 meters of drilling have been completed, which includes 640.1 meters of reverse circulation (RC) drilling and 146.7 meters of diamond core drilling. The drilling aims to test shear zone mineralization around LAM RC13, which showed significant gold mineralization in Phase 1. Despite interruptions due to operational reasons, drilling has resumed and is progressing well with completion expected shortly. Assays are pending, and results are anticipated in the second quarter of 2026.
Key Points
  • Phase 2 drilling at Lammerlaw is nearly complete with approximately 800m drilled so far.
  • Drilling comprises both reverse circulation (RC) and diamond core drilling.
  • Targeting shear zone mineralization around previously significant intersections.
  • Drilling resumed after operational pauses and is progressing well.
  • Assay results are pending, expected in Q2 2026.
  • The project is testing Macraes-style orogenic gold mineralization.
  • NAE continues geological interpretation to prioritize further drill targets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.